The first tunnel public offering REITs in the country have been approved.

Publicly offered REITs continue to expand their underlying assets. It was reported that the "Oriental Red Tunnel Expressway Closed-End Infrastructure Securities Investment Fund" has obtained the approval of the China Securities Regulatory Commission for registration, becoming the first batch of publicly offered REITs projects approved for issuance in 2026, and also the first tunnel publicly offered REITs in China. The REITs is sponsored by Shanghai Tunnel Engineering Co., Ltd., with Shanghai Oriental Securities Asset Management Co., Ltd. as the manager, and the underlying asset is the Qianjiang Tunnel, which connects Hangzhou and Jiaxing cities by crossing the Qiantang River in the form of an underwater tunnel, serving as a key crossing point in the national-level Hangzhou Metropolitan Circle. In the second half of 2025, the Qianjiang Tunnel's daily average natural vehicle flow exceeded 40,000 vehicles, a year-on-year increase of 61%. In addition, the Central China Minsheng Xiamen Affordable Housing Leasing REITs was approved during the same period.